Author: Anita Hummel
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What Is Reconciliation In Real Estate And How Is It Used?
In real estate, accurate valuation is crucial for buyers, sellers, lenders, and investors. Appraisers play a significant role in determining the market value of a property by using various approaches. A critical step in the appraisal process is reconciliation, where the appraiser combines the estimates of the value obtained from different approaches to arrive at
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Why Do Banks Sell Foreclosures So Cheaply?
When looking for a home, many people look for foreclosures. The question of why banks sell foreclosure homes so cheaply is a common question that arises when people come across foreclosure listings offering properties at significantly lower prices than the market value. It may seem counterintuitive for banks to sell these properties at reduced rates.
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Can You Offer Real Estate For Sale That You Don’t Own?
In the United States, the law is quite strict about who can sell property. This is because all kinds of real property are highly valued and important. You cannot sell real estate if you do not own the property unless you have a legal right to do so. In the United States, only licensed real
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Can You Get A FHA Loan For A Manufactured Home?
Knowing and understanding your loan options is good for purchasing a manufactured home. Many people want to know if they can get an FHA loan. Even though many people call it an FHA loan, the FHA does not technically loan money; what the FHA does is it will insure the loan so that a bank
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7 Questions To Discover About A Potential Buyer In Selling Your Home
Selling a home can be a daunting process, especially when it comes to finding the right buyer. You want to ensure that the buyer is not only interested in your property but is also serious and capable of purchasing it. Asking the right questions can help you weed out less serious buyers and find the
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Residuary Estate: Definition And How It Applies To Real Estate
Real estate plays an essential role in the financial well-being of many individuals and businesses, so fully understanding all its nuances is vital. One such example is the concept of residuary estate, which applies to both real estate and personal property. Residuary Estate is the assets that have been distributed or written into a will.